welcome second and call. XXXX operator, you, to quarter our earnings Thank
you us. for Thank joining all
with get time I'd call in are we and differ some other forward-looking Before materially started, and that our other statements to you all and Exchange filed Commission. the performance. actual documents made Form that factors of from could Securities XX-K during performance risks, anticipated and discussed this various may time cause considered like be from uncertainties to to remind factors These
discussing Additionally, is required we our regarding quarter of the this secured will note that debt or announced as the recently be XXXX. fiscal our by purpose operation responding to of call due to ended second XXXX, we bonds results questions discuss XX, restructuring. senior January the Therefore, for not
economic produced company continued over fiscal million performance Despite fiscal XX.X% income U.S. uncertainties quarter exceptional in our leading or results operational increase to significant the of quarter the XXXX. and an prior $XX.X year second operating 'XX, in The strong and in the in growth
of propane compared year. were XXX.X for XXX.X million The gallons last the to sold quarter million
were a in Rhino increased continued exchange However, offset Blue trends. to these and strategies sales increase due stay-at-home marketing partially tank and buying decreases by
Additionally, to weaker X.X% quarter the weather decreased sound product retail year. year wholesale customer and lower higher than in Blue than right strategic exchange due prior and logistics by over Margin were in Rhino the quarter prior to up a growth sales $X.XX chain prior locations placement, $X.XX partially or now increases quarter, margin strategies Overall, per volumes and from propane warmer offset the relatively X,XXX that exceed time XX,XXX, deliveries was increase economy. tank gallon the prices. for was supply year and attributable sales volumes
due gross than expenses to prior $XX million of or year margin XX% This increase $X.X or decreased deliver more to has dollars gallons million Operating quarter. resulted efficiently. in the an strategies X.X% higher
These execution growth initiatives the enabled management. and company underway The of numerous produce in initiatives continued by more throughout field has essential to quarter focus the helped locations efficiency both on and high-performance as high-performance in the areas in and operational expense strong profitability. company, Strong results is of to leaner increase workers driving second and in the workforce only propane being agile corporate a we company. a
home company. of general transition from well from a workplace technology-centric Successful and expenses corporate as workers environment, to various the throughout essential expense a administrative as decreased work travel
our our adapting remains protect continued to and and circumstances over serving while health safety Lastly, protocols ever-changing XXX,XXX customers to operating our customers safety top our employees help commitment the new of and the to priority.
earnings net prior unit per second of unit. attributable net the to quarter, million earnings $XX.X or L.P., quarter $XX.X compared to was million common $X.XX Ferrellgas $X.XX the For Partners, or year's common per
a prior EBITDA, measure, compared increased million by $XX.X non-GAAP XX% Adjusted year quarter. or to
year's million the the quarter, initiatives. was previously For adjusted $XXX.X compared discussed resulting $XXX.X second from last million in to quarter, EBITDA
a result as not fixed in the contained coverage suspended of charge distribution notes XXXX. unsecured ratio its announced, senior quarterly the previously As meeting indefinitely due cash company required the
the announced the of with bondholders we due agreement XXXX. senior Additionally, notes historic previously majority an
partners will We employees, to allow all continue suppliers obligations interruption. are about agreement. vendors, this excited It without of satisfy company's very other our us to to and
December refer X-K For the XXXX. to agreement, filed XX, Form please that more information about
agreement. proceeding Additionally, of our prepackaged we XX successful recently dependent Chapter announced confirmed, the bondholder on our execution was
per the various meet agreement to this planned closer and to are our milestones moving continue financial We restructuring.
release by We as will continue required to updates SEC. the
questions receive conclude that before series go the the of moderator, to did a back call we call. through the turn I will before I Now, we here
management smoothing is company's is the understood, we can retail the persistent that perfectly the if the volume looking to not results part is year. our just explain of are stabilize you the timing discussed, think business?
Well, in weakness the weakness out and the I which question, over do right First anything, deliveries, business previously in we what, as
the look but different just prior right volumes function when a do it's year, so impact -- compared And the some with of are well as -- really weather. to the deliveries time mainly it's as
looking Has -- impacted the of level is And the is remainder what then acquisition of 'XX? for of That's We tanks? propane the what million there's company's the in a $XX fiscal increase sharp new this year. to million recent anticipated we CapEx costs steel at this of spending are question point. question at gross $XX year CapEx next expect cost
has. it Yes. Well,
in We How fuel managing costs the last We will fiscal year? have XXXX? do higher will the business that not with we the our impact was from of company. an balance are for believe the XXXX? to we What lower that reverse that profitability impact some manage appropriately. year the savings of propane expect way prices Should
We based are on efficiency time and initiatives. right driving deliveries our our miles fewer
on So accordingly the we're managing those we based believe, believe environment and we're do we in. initiatives it not
the And The like? exchange going and/or York what you B a a on time. Series A not the could over Series B going does future. stock do Do again be the the be expectation for stock -- We're is expect York units period preferreds exchange? That the Series listed on the of disciplined current time will like Series buyers listed and our forward. in exchange expect major A environment for remain New list M&A Series B look New potentially we over
XXXX, that that Operator, to it company conclude it a we could the do the are to But when in received occur we all will need the just turn forward. time get believe questions everyone we you the of for of it's Subject step, going distributions first highly common I begin Is then to the we time. on operate again in and we call. possible need to be transactions, work units? unlikely that's effectively back to and those XXXX to TSA in thank Board this the to executive their to ahead as position company the Those today. through making approval, happen expect you try I'll
